A Friday Rally to Cap Off a Strong Week, But Can the Momentum Last? 10/28/22

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.9 • 1.3K Ratings

🗓️ 28 October 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks staged a major rally on Friday, despite a disappointing earnings report out of Amazon, and the Dow put itself on pace for its best month since 1976. But with the Fed meeting ahead and earnings from pharma and consumer names on deck, will the rally continue into next week? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Right now on fast, a Friday frenzy stocks rallying to close out the week and the Dow is
0:06.9	on pace for its best month in more than four decades.
0:10.5	So with Big Tech earnings and the rear view and Fed meeting in focus, what can we expect
0:14.7	as we kick off a new week?
0:16.3	Plus, it's not just the Fed on deck next week, Farma, Semi's, Consumer Stocks all getting
0:20.9	ready for earnings.
0:21.9	How should you play the names ahead of their reports?
0:24.8	And from defense to offense, the stock that just put in its longest win strength
0:29.9	winning streak since 1998 and why could go even higher from here?
0:34.3	I'm Sarah Eisen in Firmalice Lee tonight.
0:36.5	This is Fast Money Live from the Nasdaq Market site in the heart of Times Square, New
0:40.0	York City.
0:41.0	On the desk tonight, Tim Seymour, Guy Adami, Steve Grasso, Courtney Garcia.
0:46.0	Welcome everyone.
0:47.0	Thanks for having me.
0:48.0	We're going to start with the markets.
0:49.0	Monster Rally to close out the week here.
0:50.6	The Dow jumping nearly 830 points to lock in its best week since May.
0:55.2	It's on pace for its best month since 1976 and get this, it's within a whisper of
1:01.3	its best month since 1938.
1:05.0	Only Guy Adami remembers that.
1:07.2	The S&P and the Nasdaq also posting big gains today with the tech heavy index jumping
	...

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